Edited by Richard J. Cebula, Joshua Hall, Franklin G. Mixon Jr and James E. Payne
Chapter 16: Destructive and productive entrepreneurship: an analysis of international panel data
AbstractThis study looks at the effect of institutional quality on new business activity and organized crime. Building on the work of Baumol on productive versus unproductive entrepreneurship, I consider criminal activity as a form of unproductive entrepreneurship. The empirical analysis utilizes unbalanced international panel data of up to 75 countries between 2002 and 2012. The empirical results suggest a positive relationship between institutional quality and new business formation and a negative relationship between institutional quality and criminal activity and rent seeking. I conclude the chapter by discussing the complexity of the relationship between different forms of entrepreneurship that must be considered in future studies investigating this issue.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.